2316 Cornell DrRockfordIL61108
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Rockford at 2316 Cornell Dr, Rockford, IL, 61108 uses $53,040 cash to close to unlock $6,736/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $1,671/mo, and a $783/mo payment keeps the spread at $561/mo. Purchase price stands at $160,000, and rental yield measures 12.53% with $1,671/mo rent. Return on cash invested shows 32.61% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 171.99% and total cumulative return in cash records $91,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,671/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61108, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,778 (100%) |
| Owner Occupied HU | 8,046 (63.0%) |
| Renter Occupied HU | 3,978 (31.1%) |
| Vacant Housing Units | 754 ( 5.9%) |
| Median Home Value | $138,727 |
| Average Home Value | $161,685 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
11,058
Multi-Family
1,159
Businesses
1,151
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